Norges Bank Portfolio holdings
Norges Bank, established in 1816 and headquartered in Oslo, Norway, serves as the central bank of Norway, responsible for monetary policy, issuing the Norwegian krone, and maintaining financial stability. Beyond its traditional central banking role, it oversees the management of the Government Pension Fund Global (often called the Norwegian Oil Fund), one of the world’s largest sovereign wealth funds, valued at over $1 trillion, which invests Norway’s oil and gas revenues in global equities, bonds, and real estate. The fund’s investment arm, Norges Bank Investment Management (NBIM), operates independently to ensure long-term wealth preservation for future generations, emphasizing sustainable and ethical investing practices. With its dual role, Norges Bank uniquely blends central banking duties with stewardship of a massive global investment portfolio.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
S
Sprint Corporation
S
|
+$664M |
| 2 |
TFCFA
Twenty-First Century Fox, Inc. Class A
TFCFA
|
+$612M |
| 3 |
Pfizer
PFE
|
+$224M |
| 4 |
TFCF
Twenty-First Century Fox, Inc. Class B
TFCF
|
+$160M |
| 5 |
JPMorgan Chase
JPM
|
+$147M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
NWSA
NEWS CORPORATION CL-A
NWSA
|
+$631M |
| 2 |
FON
SPRINT CORP FON COM
FON
|
+$365M |
| 3 |
Zoetis
ZTS
|
+$275M |
| 4 |
American Express
AXP
|
+$206M |
| 5 |
Ameriprise Financial
AMP
|
+$151M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Financials | 18.46% |
| 2 | Technology | 13.23% |
| 3 | Healthcare | 11.93% |
| 4 | Energy | 10.39% |
| 5 | Industrials | 10.03% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
726
Essential Utilities
WTRG
$11.7B
| $36.7M | 0.02% |
1,485,676
-2
| -0% | -$51 |
|
727
Graco
GGG
$12.4B
| $36.7M | 0.02% |
1,486,146
| – | – |
|
728
Flowers Foods
FLO
$1.3B
| $36.6M | 0.02% |
1,707,866
| – | – |
|
729
Avery Dennison
AVY
$13.1B
| $36.6M | 0.02% |
841,094
+257,619
| +44% | +$11.4M |
|
730
Jack Henry & Associates
JKHY
$11.1B
| $36.6M | 0.02% |
708,798
| – | – |
|
731
Tenet Healthcare
THC
$21.4B
| $36.6M | 0.02% |
887,688
| – | – |
|
|
TEG
732
DELISTED
INTEGRYS ENERGY GROUP INC COM (USA)
TEG
| $36.4M | 0.02% |
651,764
| – | – |
|
733
American Eagle Outfitters
AEO
$2.48B
| $36.4M | 0.02% |
2,602,725
+1,012,060
| +64% | +$17M |
|
734
Howard Hughes
HHH
$3.71B
| $36.3M | 0.02% |
338,676
| – | – |
|
735
AstraZeneca
AZN
$253B
| $36.2M | 0.02% |
697,329
| – | – |
|
|
DHC
736
Diversified Healthcare Trust
DHC
$1.92B
| $36.2M | 0.02% |
1,565,220
| – | – |
|
737
Carlisle Companies
CSL
$12.6B
| $36.1M | 0.02% |
513,094
| – | – |
|
738
Oshkosh
OSK
$8.95B
| $36.1M | 0.02% |
736,045
| – | – |
|
739
Cullen/Frost Bankers
CFR
$9.91B
| $36M | 0.02% |
510,762
| – | – |
|
|
ATW
740
DELISTED
Atwood Oceanics
ATW
| $36M | 0.02% |
653,262
-53,575
| -8% | -$3.02M |
|
741
Jabil
JBL
$31.1B
| $35.9M | 0.02% |
1,656,631
+107,943
| +7% | +$2.46M |
|
742
Patterson-UTI
PTEN
$4.59B
| $35.9M | 0.02% |
1,676,816
+437,058
| +35% | +$8.98M |
|
743
International Flavors & Fragrances
IFF
$21.5B
| $35.8M | 0.02% |
435,472
+12,516
| +3% | +$1.01M |
|
744
Santander
BSBR
$43.5B
| $35.7M | 0.02% |
5,363,906
| – | – |
|
|
ROC
745
DELISTED
ROCKWOOD HLDGS INC
ROC
| $35.6M | 0.02% |
531,867
+123,872
| +30% | +$8.17M |
|
|
TIBX
746
DELISTED
TIBCO SOFTWARE INC
TIBX
| $35.5M | 0.02% |
1,389,225
| – | – |
|
747
Enovis
ENOV
$1.08B
| $35.2M | 0.02% |
362,413
+10,670
| +3% | +$984K |
|
|
LGF
748
DELISTED
Lions Gate Entertainment
LGF
| $35.2M | 0.02% |
1,003,607
| – | – |
|
|
ULTI
749
DELISTED
Ultimate Software Group Inc
ULTI
| $35.2M | 0.02% |
238,626
| – | – |
|
|
SPN
750
DELISTED
Superior Energy Services, Inc.
SPN
| $35.1M | 0.02% |
140,181
| – | – |
|
Similar funds
Norges Bank's Q3 2013 Portfolio in Review
As of Q3 2013, Norges Bank held 2,123 positions worth $171B, up 6.4% from $161B the previous quarter. Its ten largest holdings account for 14% of the portfolio.
Trading was light in Q3 2013: portfolio turnover was 2.6%. Norges Bank opened 16 new positions and exited 39, leaving the 2,123-position portfolio largely intact.
By sector, the portfolio is most concentrated in Financials at 18% of assets, down from 19% a quarter earlier, followed by Technology and Healthcare.
- Norges Bank's largest Q3 2013 buy was Sprint Corporation: 100,920,567 shares worth $627M.
- Norges Bank added most to Pfizer in Q3 2013, an estimated $224M increase.
- Norges Bank's biggest Q3 2013 reduction was Zoetis, cutting an estimated $275M.
- Norges Bank fully exited NEWS CORPORATION CL-A in Q3 2013, selling an estimated $631M.
- Norges Bank's ten largest holdings make up 14% of its $171B portfolio in Q3 2013.
- Norges Bank opened 16 new positions and closed 39 in Q3 2013.
- Norges Bank's portfolio value rose 6.4% quarter-over-quarter to $171B.
Based on Norges Bank's 13F filing for Q3 2013, filed 12 Nov 2013.